GRAFICO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GRAFICO
Largest movements
- Cash +€144,135
up €144,135 (+688.4%), from €20,939 to €165,074
mainly Current investments (+€100,000) and Receivables within one year (+€50,228)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year -€50,228
down €50,228 (-94.8%), from €52,958 to €2,730
- Stocks and contracts -€9,472
no longer reported in 2025 (was €9,472)
- Tangible fixed assets -€8,483
down €8,483 (-3.1%), from €276,073 to €267,591
of which Land and buildings: -€5,158
- Contributions -€20,460
no longer reported in 2025 (was €20,460)
- Purchases and services +€4,003
up €4,003 (+35.4%), from €11,316 to €15,319
- Gross operating margin -€2,576
down €2,576 (-25.2%), from -€10,231 to -€12,807
- Financial income -€1,576
down €1,576 (-49.3%), from €3,195 to €1,619
of which Non-recurring financial income: -€1,627
- Depreciation -€1,543
down €1,543 (-15.4%), from €10,026 to €8,483
- Turnover +€1,427
up €1,427 (+131.5%), from €1,085 to €2,513
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €462,002 | €437,955 | -€24,047 | -5.2% |
| Fixed assets | 21/28 | €278,633 | €270,150 | -€8,483 | -3.0% |
| Intangible fixed assets | 21 | €2,560 | €2,560 | = | 0.0% |
| Tangible fixed assets | 22/27 | €276,073 | €267,591 | -€8,483 | -3.1% |
| Land and buildings | 22 | €238,283 | €233,125 | -€5,158 | -2.2% |
| Plant, machinery and equipment | 23 | €28,195 | €26,326 | -€1,869 | -6.6% |
| Furniture and vehicles | 24 | €9,595 | €8,140 | -€1,455 | -15.2% |
| Current assets | 29/58 | €183,369 | €167,804 | -€15,565 | -8.5% |
| Stocks and contracts in progress | 3 | €9,472 | - | -€9,472 | |
| Stocks | 30/36 | €9,472 | - | -€9,472 | |
| Amounts receivable within one year | 40/41 | €52,958 | €2,730 | -€50,228 | -94.8% |
| Other amounts receivable | 41 | €52,958 | €2,730 | -€50,228 | -94.8% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €20,939 | €165,074 | +€144,135 | +688.4% |
| Total equity and liabilities | 10/49 | €462,002 | €437,955 | -€24,047 | -5.2% |
| Equity | 10/15 | €461,928 | €437,955 | -€23,973 | -5.2% |
| Contributions | 10/11 | €20,460 | - | -€20,460 | |
| Reserves | 13 | €441,468 | €437,955 | -€3,513 | -0.8% |
| Non-distributable reserves | 130/1 | - | €20,460 | +€20,460 | |
| Reserves not available under the articles | 1311 | - | €20,460 | +€20,460 | |
| Distributable reserves | 133 | €441,468 | €417,495 | -€23,973 | -5.4% |
| Amounts payable | 17/49 | €74 | - | -€74 | |
| Amounts payable within one year | 42/48 | €74 | - | -€74 | |
| Trade debts | 44 | €74 | - | -€74 | |
| Suppliers | 440/4 | €74 | - | -€74 | |
| Turnover | 70 | €1,085 | €2,513 | +€1,427 | +131.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €11,316 | €15,319 | +€4,003 | +35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,026 | €8,483 | -€1,543 | -15.4% |
| Other operating charges | 640/8 | €4,083 | €4,189 | +€106 | +2.6% |
| Gross operating margin | 9900 | -€10,231 | -€12,807 | -€2,576 | -25.2% |
| Operating profit (loss) | 9901 | -€24,340 | -€25,478 | -€1,138 | -4.7% |
| Financial income | 75/76B | €3,195 | €1,619 | -€1,576 | -49.3% |
| Recurring financial income | 75 | €18 | €69 | +€52 | +294.3% |
| Non-recurring financial income | 76B | €3,177 | €1,550 | -€1,627 | -51.2% |
| Financial charges | 65/66B | €91 | €114 | +€23 | +25.1% |
| Recurring financial charges | 65 | €91 | €114 | +€23 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,236 | -€23,973 | -€2,737 | -12.9% |
| Profit (loss) for the period | 9904 | -€21,236 | -€23,973 | -€2,737 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,236 | -€23,973 | -€2,737 | -12.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.